EDA: $4.4 Million Invested for Infrastructure Improvements to Support Business Growth and Development in Louisiana
Today, U.S. Secretary of Commerce Gina Raimondo announced the Department’s Economic Development Administration (EDA) is investing $4.4 million in the state of Louisiana to make critical infrastructure improvements needed to support current and future businesses in regions impacted by recent disasters. The EDA investments announced today are: “President Biden is committed to making sure the…
EDA: 60 Recipients of “Build to Scale” Program Announced in Support of Innovators, Entrepreneurs, and Startups through Regional, Technology-Based Economic Development Strategies
Grantees Represent 36 States, District of Columbia and Puerto Rico Today, the U.S. Department of Commerce announced “Build to Scale” grants awarded to 60 organizations across the country — located in 36 states, the District of Columbia, and Puerto Rico — totaling $53 million for programs that support technology entrepreneurs, catalyze innovation, and fuel economic…
HUD: $50 Million Released to Address Youth Homelessness & New Assistance to Improve Housing Placements for People Experiencing Homelessness and Resolve Encampments
New Funding will support approximately 35 communities to improve response systems for youth homelessness; technical assistance and regulatory flexibilities available to help communities transition people from homelessness to housing. Today, the U.S. Department of Housing and Urban Development (HUD) is announcing new resources, technical assistance, and regulatory flexibilities to support their efforts to address homelessness,…
CDFI Fund: CY 2023 Round of New Markets Tax Credit Program Opens
$5 Billion in Allocation Authority Available The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) released today the Notice of Allocation Availability (NOAA) for the calendar year (CY) 2023 round of the New Markets Tax Credit Program (NMTC Program). The CDFI Fund is posting the NOAA on its website in anticipation…
CDFI Fund: FY 2024 Application Round Opens for Small Dollar Loan Program
The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) opened the fiscal year (FY) 2024 funding round for the Small Dollar Loan Program (SDL Program) today. SDL Program funding is intended to expand consumer access to financial institutions by providing alternatives to high-cost small dollar lending. The SDL Program funding is…
HUD: $40 Million Announced to Hire New and Maintain Existing Service Coordinators for Residents of Public and Indian Housing
Notice of Funding Opportunity available for eligible entities to hire a program coordinator who links residents with training opportunities, job placement organizations, and local employers The U.S. Department of Housing and Urban Development (HUD) announced today that $40 million in funding is available through the Resident Opportunity and Self-Sufficiency (ROSS) Service Coordinator Program for Public…
HUD: More Than $100 Million Announced for Energy Efficiency and Climate Resilience Upgrades in 1,500 Low-Income Households
Funded by President Biden’s Investing in America agenda, this historic investment will expand clean energy in low-income communities, boost housing resilience and sustainability, and help tackle the climate crisis The U.S. Department of Housing and Urban Development (HUD) announced today it is awarding $103.4 million in new loans and grants to significantly renovate the homes…
EDA: Applications Open for Pilot Program to Highlight Opportunities to Boost American Communities
The U.S. Department of Commerce’s Economic Development Administration (EDA), announced it has received 565 applications for Phase 1 of the Recompete Pilot Program, marking the largest number of applications of any national EDA competition to date. The Recompete Program is a key piece of President Biden’s Investing in America agenda and reflects the Administration’s commitment to…
SBA: Record $3 Billion in Lending Announced to Latino-Owned Small Businesses
Number of SBA-Backed Loans to Latino-Owned Small Businesses Has Doubled Under Biden-Harris Administration Today, Administrator Isabel Guzman, the voice in President Biden’s Cabinet for America’s more than 33 million small businesses, announced newly finalized Fiscal Year 2023 SBA data showing that the rate of SBA-backed loans to Latino-owned small businesses has now doubled under the Biden-Harris Administration,…
HUD: $212 Million Funding Opportunity Announced to Expand Affordable Housing Options for Persons with Disabilities
Funding provides capital to produce new or rehabilitate existing housing along with project rental assistance to support very-low and extremely low income-persons with disabilities The U.S. Department of Housing and Urban Development’s Office of Multifamily Housing announced today that $212 million in funding is available to expand the supply of affordable housing and supportive services…